National News

Top 1% Took Record Share of US Income Last Year

The divide between the richest one-percent of the U.S. and the rest of the country is getting wider. An analysis shows the top one-percent of earners pulled in 19-point-three percent of total householdincome in 2012. It's the largest piece of the pie of total income in more than 100 years. The analysis was conducted by economists at the University of California, Berkeley and the Paris School of Economics at Oxford University.